When it comes to home renovations, some projects offer a higher return on investment (ROI) than others, either by increasing your home’s resale value or by improving its functionality and energy efficiency. Here are the best home renovation projects in terms of ROI and long-term value:

• ROI: ~50–80% (depending on the scope of the remodel)
• A kitchen remodel is one of the most valuable investments because it’s often a focal point for buyers.
• Best investments in the kitchen:
  • Refacing or replacing cabinets
  • Upgrading countertops (e.g., quartz or granite)
  • Installing energy-efficient appliances
  • Adding a backsplash or updating flooring
  • Improving lighting (e.g., under-cabinet lighting or modern fixtures)

• ROI: ~60–70%
• Bathrooms are another area where buyers pay close attention. Even a minor update can add value.
• Best investments in the bathroom:
  • Upgrading fixtures (e.g., faucets, showerheads)
  • Installing modern tile or flooring
  • Replacing vanities or adding double sinks
  • Adding a walk-in shower with glass doors
  • Improving storage space with cabinets or shelving

• ROI: ~70–90%
• First impressions matter, and exterior renovations can increase the perceived value of your home.
• Best investments for curb appeal:
  • Repainting the exterior or refreshing siding
  • Replacing the front door with a steel or fiberglass door
  • Upgrading or replacing garage doors
  • Landscaping upgrades, such as planting trees, shrubs, or flowers
  • Installing outdoor lighting (e.g., pathway lights or porch lights)

• ROI: Variable, but also saves on utility bills
• Energy-efficient upgrades can appeal to buyers while also reducing your monthly expenses.
• Best investments in energy efficiency:
  • Installing energy-efficient windows and doors
  • Upgrading insulation (e.g., attic or walls)
  • Adding a smart thermostat (e.g., Nest or Ecobee)
  • Replacing an outdated HVAC system
  • Switching to solar panels (this depends on your location and energy costs)

• ROI: ~50–80%
• Outdoor spaces are increasingly popular, especially in areas with good weather.
• Best investments in outdoor spaces:
  • Building or upgrading a deck or patio
  • Installing a pergola or covered outdoor area
  • Adding an outdoor kitchen, fire pit, or built-in grill
  • Landscaping to create a usable, inviting yard
  • Installing fencing for privacy or safety

• ROI: ~60–70%
• A new roof is a major selling point for buyers and can protect your home from future damage.
• Consider upgrading to durable materials like metal, slate, or architectural shingles for longevity and energy efficiency.

• ROI: ~60–75%
• Transforming an unfinished basement into a usable living space (e.g., a guest suite, home theater, or recreation area) adds square footage and value to your home.
• Ensure the basement is waterproofed and has proper insulation and ventilation before starting.

• ROI: ~65–75%
• Old windows can be drafty and unattractive, while modern, energy-efficient windows improve curb appeal and reduce heating/cooling costs.
• Options like double-pane or Low-E glass are popular choices.

• ROI: High (essential for selling a home)
• Small repairs and touch-ups can drastically improve your home’s appearance and functionality.
• Examples:
  • Fixing leaky faucets or loose doorknobs
  • Repainting walls in neutral colors
  • Repairing or replacing damaged flooring
  • Updating light fixtures and electrical outlets

• ROI: ~65–75%
• Converting your attic into a bedroom, office, or bonus room adds livable square footage, which is appealing to buyers.
• Ensure it meets building codes (e.g., proper ceiling height and egress windows).

• ROI: ~70–80%
• Installing new flooring can dramatically update your home’s look.
• Best investments in flooring:
  • Hardwood or engineered wood (high appeal to buyers)
  • Luxury vinyl plank (affordable and durable)
  • Tile for bathrooms and kitchens

• ROI: ~60–70%
• A functional garage is a great selling point, especially if it includes storage solutions or is repurposed as a workshop or gym.

• ROI: ~50–65%
• Knocking down non-structural walls to create an open layout can make your home feel more modern and spacious. Buyers often value open, airy living spaces.

• ROI: ~50–70%
• With the rise of remote work, home offices have become a desirable feature.
• Consider converting an underused room or adding built-in desks and shelving.

• Focus on Market Trends: Choose renovations that are in demand in your area (e.g., outdoor spaces in warm climates or energy-efficient upgrades in colder regions).
• Don’t Over-Improve: Avoid over-renovating beyond what your neighborhood’s average home value can support.
• Prioritize Functionality and Aesthetics: Buyers appreciate updates that improve the functionality and style of a home.

By investing in the right projects, you can maximize the value of your renovations and enjoy the benefits of an updated, functional home!